Next week, the US will release February CPI and January PCE data, and the market is focused on stagflation risks.

Gate News Report, March 7 — The worsening situation in Iran has caused sharp market fluctuations this week. Recent data shows the Federal Reserve is facing dual pressures from rising inflation and declining employment, increasing concerns about stagflation risks. Several key macroeconomic data releases are scheduled for next week (March 10–14), with the following timetable (all times Beijing):

Monday 23:00 — U.S. February New York Fed 1-year inflation expectations;

Wednesday 20:30 — U.S. February unadjusted Consumer Price Index (CPI) year-over-year, unadjusted core CPI year-over-year; February seasonally adjusted CPI month-over-month, seasonally adjusted core CPI month-over-month;

Friday 15:00 — UK January three-month GDP growth rate, January manufacturing/industrial output growth rate, January seasonally adjusted goods trade balance;

Friday 20:30 — U.S. January core Personal Consumption Expenditures (PCE) price index year-over-year/month-over-month, U.S. January personal spending month-over-month, U.S. Q4 real GDP annualized quarterly revision, U.S. January durable goods orders month-over-month;

Friday 22:00 — U.S. January JOLTS job openings, initial March one-year inflation expectation, initial University of Michigan Consumer Sentiment Index for March.

If core CPI and core PCE month-over-month figures outperform expectations, the dollar may be further supported; conversely, weak data could weigh on the dollar and boost spot gold prices. Additionally, Oracle (ORCL.N) will release its earnings after the U.S. stock market closes on Tuesday.